Cost-Benefit Analysis, Paperback / softback Book

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Description

This Element on cost-benefit analysis provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods.

The Element discusses how to assess small (or marginal) as well as large (or non-marginal) projects that have a significant impact on prices and/or other economic variables.

It also discusses distortions like taxes, market power, and sticky prices.

In addition, risk/uncertainty is considered. A novel feature is the elaboration on flexible evaluation rules for reasonably small projects.

Conventional point-estimates of projects should be used with care, because they typically give biased results.

Information

  • Format: Paperback / softback
  • Pages: 100 pages, 7 b/w illus.
  • Publisher: Cambridge University Press
  • Publication Date:
  • Category: Microeconomics
  • ISBN: 9781108462938

£15.00

£14.36

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